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Iconic Office Building on Riverfront
For Lease
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245 N Waco Ave, Wichita, KS 67202

High-quality office space near Wichita's Central Business District.

Space Size2,804 SF - 8,425 SF
Property Size184,570 SF
Days on Market2944

Property Features for 245 N Waco Ave

General Information

Standard status Active
Size 2,804 SF - 8,425 SF
Class A
Property subtype Office
Lease Type Full Service

Building Details

Building Size 184,570 SF
Tenancy Multiple

Spaces For Lease

at 245 N Waco Ave Contact us

Suite 330

Size
8,425 SF
Availability
Active
Contact us

Suite 230

Size
2,804 SF
Availability
Active
Contact us

Suite 160

Size
5,772 SF
Availability
Active
Contact us
Listing Agency: NAI Martens
Listed By: Patrick Ahern · License #KS SP00052327
Source: Crexi
Added: Aug 20, 2018 Changed: Sep 7 Last Checked: Sep 9 at 5:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Martens

Investment Insights

Based on property information with market context.

The Farm Credit Bank Building is situated on the Arkansas River, northwest of Wichita’s Central Business District. Its location offers visibility and benefits from riverfront investments, including a new river promenade and walkway enhancements adjacent to the building. Constructed in 1983, the building features an iconic exterior design with a limestone-clad curtain wall of concrete and glass panels. The mechanical rooms and common areas are in pristine condition. The property has been updated to include granite lobby floors, modernized elevators, fire and safety systems, an access system, and energy-saving devices. Amenities include a fitness center, an operating cafeteria, and a conference center on the garden level. It is located minutes from US Highway 54/400 and 20 minutes from any destination in the city.

Key Highlights

  • Iconic building with limestone clad curtain wall and classic design.
  • Prime location on the Arkansas River with high visibility and proximity to US Highway 54/400.
  • Extensive updates including granite lobby floors, modernized elevators, and advanced fire/safety/access systems.

Property Analytics

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Open Analytics

Current Use

Co-Immunity Foundation Charitable Organization SouthLaw, P.C. Law Firm Penner Lowe Law ... Law Firm Fair Market Health Marketing & Advertising Wildcat Resources, Inc. Oil And Gas Exploration Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic Pet Store Tanning Salon Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,043
Businesses Nearby

Demographics for 67202, KS

2,435
Population
1,778
Households
1.4
Avg Household Size
35
Median Age
53%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,435
Density / Sq Mi
$67,892
Median Household Income
$41,160
Median Earnings
$1,039
Median Rent
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Wichita, KS

$43.92 /SF/Yr
Avg Asking Price
$9.95–$225 /SF/Yr
Price Range
23,642 SF
Avg Space Size

This space is priced 52% below the average of $43.92 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - High-quality office space near Wichita's Central Business District.
Where is this office building located?
The property is located at 245 N Waco Ave Wichita, KS.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Iconic building with limestone clad curtain wall and classic design.; Prime location on the Arkansas River with high visibility and proximity to US Highway 54/400.; Extensive updates including granite lobby floors, modernized elevators, and advanced fire/safety/access systems.
(316) 847-4914 Call to check price and availability
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